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PPP Loan Data — Adams Homes Inc.,
Gulf Breeze, FL
Adams Homes Inc.
Entity: Subchapter S Corporation
Industry: New Single-Family Housing Construction (except For-Sale Builders)
Location: Gulf Breeze, FL
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Adams Homes Inc. is a subchapter s corporation located at 3000 Gulf Breeze Pkwy in Gulf Breeze, Florida that received a Coronavirus-related PPP loan from the SBA of $4,426,485.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
388Loan Approved:
2020-04-09Lender:
CENTENNIAL BANKAdams Homes Inc. received a Paycheck Protection Loan of $4.43M through CENTENNIAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Adams Homes Inc.'s total 2019 payroll expenses were approximately $21.25M in order to qualify for the PPP loan amount received.
Based on their reported 388 jobs retained, this equals an estimated average yearly compensation of $54,761 per employee1.
Business Information - Adams Homes Inc. in Gulf Breeze, FL
3000 Gulf Breeze Pkwy
Gulf Breeze, FL 32563
Business Industry
New Single-Family Housing Construction (except For-Sale Builders) (NAICS code 236115)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-01Similar Companies near Gulf Breeze
In the Gulf Breeze area, 15 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 388) and received an average PPP loan of $324,509 (compared to this company's $4.43M).
Similar Nearby Businesses Who Received PPP Funding:
Southwind Builders LLC
Gulf Breeze, FL
Randall Hauffe DBA Randall Hauffe Construction
Gulf Breeze, FL
Acorn Construction Inc
Gulf Breeze, FL
Semi-Sane Holdings Inc.
Gulf Breeze, FL
Dilts Construction, Inc
Gulf Breeze, FL
Gulf Coast Dream Homes Inc
Gulf Breeze, FL
Richard Mosley Construction, Inc
Gulf Breeze, FL
Renovative Services LLC
Gulf Breeze, FL
Industry PPP Comparison Statistics
Nationwide, 64,726 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $3,790,773,096.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 99% lower than Adams Homes Inc.'s reported 388 employees, and received an average PPP loan of $58,566, 99% lower than this company's loan of $4.43M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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